 Where is a cheap place to buy a house? |
| I really don't care about location. I am in the military and will be retiring in 10 years. I want a house waiting for me paid for. I have no family so I don't vare where it will be located. ... |
|
 Why are rising house prices 'good'? |
| generally speaking rising prices are bad, inflation and we have the Bank of England raising interest rates. However it seems that housing inflation is good for us.Who really benefits from this since ... |
|
 Is this a sign of a bad realtor? |
| My house has been on the market for about 3 weeks. First off, when he came by, he kinda made me feel like my house was crappy, and it aint. But the main thing that is bothering me is that I haven�... |
|
 Why would a 30 yr mortgage loan at a fixed interest rate of 6.25 go up $250 in a month? |
Additional Details
I checked my papers and it is a 30 yr fixed rate loan and when I called them the said it raised because of my taxes. Yes I am escrowing the taxes. I still feel like ... |
|
 No Money down Mortgage? |
| I have sketchy credit score, but the house I am looking at is about 160,000, and I make about 55000 per year. will i be able to get a no money down loan, or will i need a co-borrower with good ... |
|
 My mortgage company wont help me? |
| I fell behind in my mortgage payments and am now facing forclosure. I was advised to contact my mortgage company, they are required to work with me under some new laws. They are continuing with ... |
|
 What am I supposed to do about my landlord? Real help only please no crap.? |
| I moved to an apartment in the middle of March. Maybe a month later I found out that it had a leaking problem in the kitchen. It is now to the point that it is leaking above my sink and above my ... |
|
 Do we both need to get renter's insurance? |
| My friend and I are moving into an apartment together. I just wanted to know if we both need to get separate renter's insurance policies, or if one of us can get it and the other's ... |
|
 I am buying my first home. This home is a bank foreclosed home.? |
| I'm buying it for 153,000.00. On 7/7/06 it sold for 303,000.00. The house is in excellent shape and it is fairly new. It was built in 2000. Does this mean I'm getting a deal?... |
|
 To landlords: do you enjoy screwing people? |
| I find that a lot of you are scummy, bottom-dwellings monsters, liars, cheats, robbers, and just the **** of the earth.... |
|
 Should i live in a hotel? |
i think it wold be cool to live in a hotel.
something like in the movie eloise in the plaza
some people were living in the hotel.
i love staying in hotels because it gives the nice ... |
|
 Does my landlord have the right to forbid the installation of a/c units?however i pay my own electric bills.? |
| the contract doesnt display any restrictions to air conditioner. but it includes "no damage" in his house property. would installing hose be destroying his property?... |
|
 Zillow.com home estimation is it accurate? |
| Anyone ever go to zillow.com and typed in your address and it shows you how much your property is worth. Is this pretty accurate? I got my propert inspected 3 months ago it was worth 148,000 zilla ... |
|
 What to do with my council flat? |
| I have a council flat. But i want to live with other students while at university and possibly do a placement abroad for a few months if i can. I feel tied to it and you arnt allowed to sub let even ... |
|
 Is real estate a good career to get in for a 20 year old?? |
| I am debating on whether to continue taking classes toward my major or take real estate classes and try to join a real estate company...what is the market looking like right now, and would I be able ... |
|
| When doing a for sale by owner what percentage should a realtor receive...? |
if they bring you a perspective buyer? What are the pros and cons of working with realtors who bring you buyers?
Additional Details
I am experienced with home selling, for my situation a ... |
|
|  |
wy2 | How can we get started investing in real estate with no money down? |
|
 |
 
satarnag
 |
Look into something called "assignable purchase option contract". You basically find a property that is under valued and tie it up with this contract. Then you sell this contract to another person. For example, you found a house that is worth 100k butthe owner is willing to sell it to you for 60k. You use the contract to tie up the property and sell the contract to another buyer for a 10k option fee. You used none of your money or credit and you made 10k.
Regards |
|
Christopher G
 |
Guys Guys are you all morons... I'm sorry but most of you are totally wrong... 1st I am a real estate investor with a credit score right around 600. (not impressive at all) We bought our first house with $686 and the house was $125000 You dont need money open your eyes and look around make some calls to banks and search online.
One of the best suggestions i have is one that alot of people will disagree on is get a mortgage BROKER. they do cost you more in fees (which are usually included into the loan) however they have hundreds of banks they can deal with to find you the least amount down.
Second ask for a 6% sellers assist. Basically that is 6% of the sales price of the home that gets financed into the loan amount that can be used for closing costs example... $100000 dollar house is sales price with 6% sellers assist ontop = 100k to seller, 6k to closing cost, and a 106k loan to you.
Now this is assuming you are a first time buyer of any property... however this can also work for 2 or 3 props. once again this is where your mortgage broker comes into play.
We now are only getting to the level now where we have to put 5% - 10% down and even that can be "negotiated" with the seller
Now lastly in the first paragraph i mentioned $686 down for a 120k property, you had mentioned $0 down, i consider this $0 money down... If you cant come up with $500-$700 money to cover the final closing costs and you want to be a investor then you have no right even trying.
I know this sounds harsh... but the ideas i just read from most of these people is what keeps alot of good people down and in the day to day grind working for someone else, and makes people like me who think outside the box alot of money...Most of these people will say " work 3 jobs and save your money" or real estate is a "get rich quick scheme" this is the menatality of out parents and grand parents...Those are the same people who will tell you to pay the property off(another HUGE mistake) It really makes me mad. If there are any questions send me an email |
|
Dale T
 |
I know this may sound crazy but look on eBay. There are several sellers offering 0 or very low down on residential building lots. Most are in retirement communities or subdivisions that have not been fully occupied for awhile. I've seen some lots go for as low as $300 and if your willing to hold on to the them for a few years more than likely you'll come out ahead. You'll want to do a fair amount of research on the areas in which you are buying and the companies you are buying from before actually making a purchase. Watch out for high homeowner association dues or high yearly real estate taxes and high doc prep fees or closing cost. Some of the best sellers will include closing cost and title insurance in the price of the sale. I used to live in one of these subdivisions when lot prices were as low as $600 - $1000, now you can't buy anything there for less than $8000. We bought 1 lot 7 years ago and made $10,000 on it this year. I wish I would have bought more. Live and learn! Good Luck! |
|
Du Hast mich?
|
To be 100% honest with you... Save some money. Work 3 jobs if you have to but save up some cash. Keep the real estate thing in your mind, locked up in that tight little box in the back, and when the time is right to use your hard earned money... Go for it! |
|
Price is what you pay for value.
 |
Buying property with no money down will result a higher interests rate mortgage. Under current market condition, you can not make money unless you hang onto the property for over a couple years. Because the price continues to slide.
If you are paying high interests on the mortgage, and you have to wait for a few years to unload, then your costs is too high. And high costs means no profit.
Why not wait until housing market bottoms out.
This article is teaching buyer how to lowballing.
http://biz.yahoo.com/brn/060909/19463.html
These two describe current market.
http://money.cnn.com/2006/09/25/news/economy/homesales2/index.htm?postversion=2006092513
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514 |
|
robert S
|
Stop day dreaming. It takes money to make money. The larger the down payment, the lower your mortgage payment and easier to hang on to your property. Zero money down as investment property is very risky. Your rental payment probably will not cover your mortgage. The banks won't finance you. Even if some one does, if the tenant runs out on you, you go belly up in a hurry. We have not even talk about the cost up keep yet.The ones who give you those kind of advice probably has never done it. |
|
cjkloanguy@yahoo.com
 |
great credit and higher interest rate. Let me know if i can help
cjkloanguy@yahoo.com |
|
Xtal
 |
If you have REALLY GOOD credit, you can get a 100% loan. Or if you have lots of collateral. You can buy a foreclosed house for cheap (even under $10,000). Best to save money & buy when you are ready. Unless you ave a rich family memeber to loan money??? |
|
David F
|
How is your credit? There are 100% investment property loans available.
Email me and I will give you me contact information. |
|
Alterfemego
|
Well you could try to buy a timeshare on Ebay! lol Let's be honest, you need money to buy real estate. If it's a home you'll need a deposit in good faith that you want to purchase, a down payment amount anywhere from 5-20% of purchase price, and then you have loan prepaids and closing costs. While some of the prepaids and closing costs are negotiable, think "fair", it's insulting to the seller when you try to get it all for nothing. Hope that helped! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 31 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
9 | 1 month(s) ago
| | | |
10 | 5 month(s) ago
| | | |
10 | 7 month(s) ago
| | | |
10 | 10 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
